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Download Free sampleThe global Third-Party Chemical Distribution market was valued at 26611.73 Million USD in 2021 and will grow with a CAGR of 5.07% from 2021 to 2027, based on Research newly published report.
The prime objective of Third-Party Chemical Distribution Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Third-Party Chemical Distribution Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
The chemical distribution process involves the sale, logistics and transportation of chemicals.Chemical distributors provide customers with value-added services such as blending, blending, packaging, formulation, inventory management and waste removal.Third-party chemical distributors are worldwide.In Third-Party Chemical Distribution Market , we analyzed 23 suppliers, including Univar, Brenntag, HELM, Nexeo Solutions, IMCD, Azelis, Biesterfeld, ICC Chemical, Jebsen&Jessen, Stockmeier Chemie, Hydrite, Barentz International, Petrochem Middle East, Protea Chemical,Reda Chemicals, Solvochem Holland, Obegi Chemicals, Manuchar, Ai nahda international Chemical, Sinochem Plastics, Connell Brothers, Chemstation Asia and Redox, etc.All of these dealers are important suppliers to the industry.In 2018, the 23 companies` combined sales revenue was $51.8 billion, accounting for 23 percent of total global sales revenue.The industry has low market concentration.Asia Pacific, North America and Europe are three important regions with great market potential.According to our research, asia-pacific is the largest sales region outside China, with sales revenue of $65.9 billion in 2018, or 28%.Europe is the second largest sales region.Sales in Europe rose from $53.2 billion in 2014 to $58.9 billion in 2018, with an average growth rate of 2%.Global third-party chemical distribution revenues grew from $191.1bn in 2014 to $229.4 billion in 2018, a compound annual growth rate of 3%.The most important reason is the benefits and cost reduction brought by the global third-party distribution to the enterprises. In 2017-2018, the chemical prices started to rise, so the third-party chemical distribution enterprises have more profit space.In the future, we expect global revenues to increase.By 2025, the market will reach $335.5 billion.The world`s top five chemical distribution companies control less than 16 per cent of the global market.Many manufacturers find it difficult to develop effective sales models for small customers.In particular, manufacturers are finding it difficult to provide the sales, customer service and technical support needed to support these small customers.Small customers consume 20 to 40 per cent of the chemicals ($bb0.25 million in annual sales).Chemical distribution companies increasingly see their marketing, sales and distribution functions as a source of competitive advantage in servicing this segment of the market.Companies that have highly complex relationships with a large number of distributors require significant resources to manage and result in duplication of effort and resources.Manufacturers may seek to reduce the number of distributors they use and establish strategic partnerships with distributors who can invest in market development and information exchange.This will be the main trend in the future.
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